Gasoline Market Analysis on August 12

Gasoline Market Analysis on August 12

International crude oil closes

Gasoline price index

On August 12, the domestic 92 #gasoline price index was 8870.10, down 3.5, or 0.04%; the domestic 95 #gasoline price index was 9163.19, down 2.26, or 0.02%. Both the 92 #gasoline index and the 95 #gasoline index were lowered, and the price difference between the 92 #gasoline index and the 95 #gasoline index was 293.08.

Gasoline Market Analysis:

Today, the domestic gasoline market is stable and weak. Among them, the low-end price in North China has been lowered by 50 yuan/ton, and the high-end price of 92 #has been lowered by 10 yuan/ton; the low-end price of 92 #in Northeast China has been lowered by 5 yuan/ton; and the price in Central China has been lowered by 30-50 yuan/ton; gasoline prices in other regions are stable. The ex-factory prices of local refineries have been mainly lowered, with Shandong, East China, and Southwest China lowering by 23-60 yuan/ton; low-end prices in North China lowering by 50 yuan/ton; Central China 92 #lowering by 30 yuan/ton; gasoline prices in other regions are stable. At present, transactions in the domestic gasoline market are relatively flat, with no significant improvement on the demand side. Procurement enthusiasm in the middle and lower reaches is average, and refinery shipments are average.

market outlook

Iran has decided to attack Israel directly in retaliation for the assassination of a Hamas political leader and could launch an attack within days, even before August 15 hostage talks in Gaza.。Crude oil closed higher overnight, but geopolitical factors remained unstable, and positive support was insufficient for market guidance. The domestic gasoline market demand is weak, boosted by a lack of positive factors, and the market still has a wait-and-see attitude. The new round of refined oil price adjustments has now fulfilled expectations of a downward adjustment. In addition, entering mid-month, the sales pressure of all main units has gradually increased, and the willingness to hold prices may be reduced. On the whole, it is expected that the domestic gasoline market will remain mainly stable in the short term and fluctuate within a narrow range.